Electrolux Working on Succession Plans

STOCKHOLM—Electrolux AB failed on Thursday to quash speculation about an imminent management shake-up at Europe’s largest home-appliance maker, saying that its American chief executive had not resigned but adding that it was working on succession plans.

The possible departure of Keith McLoughlin could leave the Swedish giant without strong leadership at a time when the company is seeking to close the $3.3 billion purchase of General...